The title insurance can also be applied to HMOs and multi-units and is being rolled out following a successful trial over the last few months.
Karen Bennett, commercial mortgages sales and marketing director at Shawbrook Bank, said: “We’re constantly looking for ways to help our brokers, making all parts of the process more efficient.
“Title insurance has allowed us to move very quickly on remortgages and we’re pleased now to be able to offer it on new purchases as well.”
Jason Rogerson, managing director at Liquid Funding, who has been using title insurance with clients, added: “Shawbrook is always on the lookout for ways to help brokers close deals faster and this move hits the nail on the head.
“I can thoroughly recommend title insurance it’s an excellent tool to have to hand. When I need to push cases through to completion quickly it can save vital time.”
